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Monarques Gold has reported additional assay results from the 2018 diamond drilling program at its Croinor Gold project 50km east of Val-d’Or, Quebec. The company has completed Phase 2 of drilling, which consisted of 5,327m of drilling in 27 holes where 26 of the holes struck mineralized zones.
Monarques Gold has announced that it plans to suspend production at the company’s Beaufor Mine in Quebec as of December 14, 2018 and place the mine on care and maintenance.
Monarques Gold announced a maiden resource estimate for its McKenzie Break project in Quebec. The company released two resource scenarios: a combination
open-pit and underground and an underground only scenario.
Monarques reported FQ3 2018 financials (ended March 31, 2018) with revenues of C$9.8 million (down 4.6% QoQ) following weaker than expected production during the quarter due to unanticipated equipment challenges and planned maintenance.
Monarques has announced the planned commissioning of its Beacon mill in Val-d’Or by Q4 2018. The mill is located only 500m away from the railway line and 10km from the company’s Beaufor Mine.
Monarques FQ3 2018 production was minimally affected by equipment challenges and planned maintenance, operations continue as usual for a stronger FQ4 2018.
We updated the look & feel of our RCKS Talk Research Blog in March 2018.
To access the historical archives of our original blog format, please click on the link(s) below to be re-directed. Please note that we no longer update those archive blog pages.
Click here to access the RCKS Talk Blog Archive for Monarques Gold Corp. (TSXV:MQR)
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